Memecoin fever has cooled after a blistering start to the year, forcing PEPE holders to temper expectations as short-term volatility pushes prices lower. Quick take - PEPE was down about 0.66% over 24 hours at the time of writing, with a sharp intra-hour drop of 2.33% that swept weekend lows at $0.00000588. - The token exploded out of the gate in early January, rallying roughly 80.15% between Jan. 1–4, but has since retraced about 18.32%. - The broader memecoin market saw a capital rush in the first week of the year, but that momentum faded after Jan. 5. Over the past week PEPE is off 15.27%, Dogecoin (DOGE) has shed 7.25%, while Bitcoin (BTC) has largely consolidated around the $90k area and is down roughly 1.02% for the week. Technical picture - Short-term supply and resistance: The $0.0000062–$0.0000072 range, which acted as local resistance in late October/early November, was briefly breached during the early-January rally but buyers couldn’t hold gains. That zone has flipped back into resistance, and the $0.0000062 mark in particular will be a key hurdle for bulls. - Support/demand: Given the January inflow of capital, a deeper drop beneath the $0.0000044–$0.0000050 demand area looks unlikely for now, keeping a floor in place for buyers watching for a pullback entry. - Timeframe contrast: Daily structure remains bullish — the Accumulation/Distribution line showed strong buying pressure in early January and the Awesome Oscillator still favors upward momentum. By contrast, the 1-hour chart is bearish, with local supply clustered around $0.0000060 and several overhead swing-high resistance levels. Short-term traders will likely need patience. - Trading setups: Traders can consider buying a retracement into the $0.0000044–$0.0000050 demand zone or waiting for a breakout above $0.0000072 to buy into strength. Macro correlation - Bitcoin’s moves matter for memecoins. BTC has climbed back above $91k and is testing $92.5k. A clean breakout past $92.5k and then $94.5k would be constructive for risk-on assets like memecoins and could help reignite sector momentum. Bottom line PEPE’s early-January surge attracted fresh capital, but short-term profit-taking and volatility have pulled prices back into a consolidation phase. Daily indicators still suggest bullish intent, but the lower timeframes favor caution; traders should either wait for a stronger retest of the $0.0000044–$0.0000050 demand zone or confirm strength with a breakout above $0.0000072. Source: PEPE/USDT price data on TradingView. Content is informational and not financial advice — always do your own research before trading. © AMBCrypto. Read more AI-generated news on: undefined/news

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